09/26/2018 Archives - ITM TwentyFirst

A Life Insurance Trust Company Transfer Case Study

Recently, we posted a blog that laid out the 5-step process we undertake to move a block of policies to the Life Insurance Trust Company (LITC) as successor trustee. There are several reasons this may occur. Some trustees simply grow tired of the risk that ILITs represent, especially if they can remove the risk while still retaining the client in other, more profitable business lines. [...]

California Issues Regulations Concerning Cost of Insurance Increases on Life Insurance

Almost exactly a year ago, we wrote about a new regulation implemented by the New York State Department of Financial Services to “govern life insurance company practices related to increases in the premiums” of life insurance and annuity policies. That regulation required carriers raising rates on policies to notify the department “at least 120 days prior to an adverse change in non-guaranteed elements of an [...]